Advisors Asset Management Inc. Has $8.07 Million Holdings in Conagra Brands $CAG

Advisors Asset Management Inc. boosted its holdings in Conagra Brands (NYSE:CAG) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 440,640 shares of the company’s stock after purchasing an additional 78,899 shares during the quarter. Advisors Asset Management Inc. owned about 0.09% of Conagra Brands worth $8,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in shares of Conagra Brands by 2.3% in the 3rd quarter. ProShare Advisors LLC now owns 99,180 shares of the company’s stock worth $1,816,000 after buying an additional 2,276 shares during the last quarter. New York Life Investment Management LLC boosted its stake in Conagra Brands by 73.2% in the 3rd quarter. New York Life Investment Management LLC now owns 112,491 shares of the company’s stock worth $2,060,000 after purchasing an additional 47,537 shares during the period. Alps Advisors Inc. bought a new position in shares of Conagra Brands in the third quarter valued at approximately $7,310,000. Prime Capital Investment Advisors LLC bought a new position in shares of Conagra Brands in the third quarter worth $211,000. Finally, Bessemer Group Inc. raised its holdings in shares of Conagra Brands by 69.7% in the 3rd quarter. Bessemer Group Inc. now owns 28,283 shares of the company’s stock valued at $517,000 after acquiring an additional 11,617 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

CAG has been the subject of a number of recent research reports. Wall Street Zen lowered Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Sanford C. Bernstein lowered their price objective on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, December 22nd. Zacks Research cut Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Bank of America cut their target price on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $18.71.

Conagra Brands Trading Up 3.6%

NYSE CAG opened at $20.03 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $17.63 and a 200 day moving average price of $18.16. Conagra Brands has a 52 week low of $15.96 and a 52 week high of $28.51. The firm has a market cap of $9.58 billion, a PE ratio of -91.06 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned $0.70 EPS. Conagra Brands’s quarterly revenue was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.0%. Conagra Brands’s dividend payout ratio is presently -636.36%.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.